Payden Equity Income Fund Quote
| PYVAX Fund | USD 17.19 0.09 0.53% |
Performance10 of 100
| Odds Of DistressLess than 18
|
Payden Equity is trading at 17.19 as of the 23rd of April 2024; that is 0.53 percent increase since the beginning of the trading day. The fund's open price was 17.1. Payden Equity has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Payden Equity Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund invests primarily in large capitalization value stocks, defined as stocks with sustainable cash flows that have the ability to pay and grow their dividends over time, and other income producing equity securities, including by way of example, preferred stocks, real estate investment trusts and master limited partnerships.. More on Payden Equity Income
Moving together with Payden Mutual Fund
| 0.84 | PYARX | Payden Absolute Return | PairCorr |
| 0.96 | PYCEX | Payden Emerging Markets | PairCorr |
| 0.94 | PYCHX | Payden Regal | PairCorr |
| 0.97 | PYCIX | Payden Emerging Markets | PairCorr |
Payden Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Payden Equity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Payden Equity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Paydenfunds Funds, Large Blend Funds, Large Value Funds, Large Value, Paydenfunds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Payden Equity Income [PYVAX] is traded in USA and was established 23rd of April 2024. Payden Equity is listed under Paydenfunds category by Fama And French industry classification. The fund is listed under Large Value category and is part of Paydenfunds family. This fund at this time has accumulated 1.27 B in assets with no minimum investment requirementsPayden Equity Me is currently producing year-to-date (YTD) return of 4.52% with the current yeild of 0.01%, while the total return for the last 3 years was 4.11%.
Check Payden Equity Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Payden Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Payden Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Payden Equity Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Payden Equity Income Mutual Fund Constituents
| LLY | Eli Lilly and | Stock | Health Care |
| DOV | Dover | Stock | Industrials |
| PEP | PepsiCo | Stock | Consumer Staples |
| CSCO | Cisco Systems | Stock | Information Technology |
| GD | General Dynamics | Stock | Industrials |
| BAC | Bank of America | Stock | Financials |
| LMT | Lockheed Martin | Stock | Industrials |
Payden Equity Target Price Odds Analysis
Based on a normal probability distribution, the odds of Payden Equity jumping above the current price in 90 days from now is about 48.1%. The Payden Equity Income probability density function shows the probability of Payden Equity mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Payden Equity has a beta of 0.7917 indicating as returns on the market go up, Payden Equity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Payden Equity Income will be expected to be much smaller as well. Additionally, payden Equity Income has an alpha of 0.016, implying that it can generate a 0.016 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Payden Equity to move above the current price in 90 days from now is about 48.1 (This Payden Equity Income probability density function shows the probability of Payden Mutual Fund to fall within a particular range of prices over 90 days) .
Payden Equity Me Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Payden Equity market risk premium is the additional return an investor will receive from holding Payden Equity long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Payden Equity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Payden Equity's alpha and beta are two of the key measurements used to evaluate Payden Equity's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4281 | |||
| Semi Deviation | 0.5176 | |||
| Standard Deviation | 0.5671 | |||
| Variance | 0.3216 |
Payden Equity Against Markets
Picking the right benchmark for Payden Equity mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Payden Equity mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Payden Equity is critical whether you are bullish or bearish towards Payden Equity Income at a given time. Please also check how Payden Equity's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Payden Equity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
How to buy Payden Mutual Fund?
Before investing in Payden Equity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Payden Equity. To buy Payden Equity fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Payden Equity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Payden Equity fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Payden Equity Income fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Payden Equity Income fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Payden Equity Income, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Payden Equity Income?
The danger of trading Payden Equity Income is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Payden Equity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Payden Equity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Payden Equity Me is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payden Equity Income. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Payden Equity Me information on this page should be used as a complementary analysis to other Payden Equity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..